Redemption of US$500 million Eurobonds
London, United Kingdom, 10 May 2018 — Nord Gold SE (Nordgold or the Company, Group), the internationally diversified gold producer, today confirms the full and scheduled redemption of outstanding US$500 million Eurobonds (ISIN XS0923472814).
The notes, with a 6.375% annual coupon and maturity date of 5 years, were issued in May 2013. Part of the issue, to the amount of US$52 million, was earlier repurchased by the Company. Following the redemption, the obligations toward holders of these notes are now fully discharged.
In March 2018 Nordgold raised US$300 five-year unsecured syndicated loan in order to refinance outstanding Eurobonds (approximately US$448 million). Redemption has been partially funded by cash on the Company’s balance sheet.
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